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		</div><p>Microsoft is purchasing professional social network LinkedIn in a deal reported to be worth $26.2 billion.</p>
<p>In a blog post, Microsoft revealed that it will acquire LinkedIn for $196 per share in an all-cash transaction. Jeff Weiner will continue as LinkedIn CEO, but will report to CEO of Microsoft, Satya Nadella, while LinkedIn will “retain its distinct brand, culture and independence.”</p>
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<p>The deal is expected to close this calendar year.</p>
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